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Biotech / Medical : Biotech Holdings

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To: Mike Heimbuch who wrote (79)	10/6/1997 10:48:00 PM
From: jacq	of 224

Hey we are all really really interested in this company, but there just isn't that much news to share. I was talking to Austin Rand today after I received my letter in the mail. Take a good look at those revenue growth numbers. They look a lot like Maverick going after the Joker in Top Gun. It seems like that pattern is continuing. The company is hoping to be cashflow positive by the end of the first Quarter of 1998. I asked about my biggest concern, are the wings of this plane going to fall off before they hit the stratosphere? Austin said that money was available. Also 2nd and 3rd stage tessting in the Carribean will occur in the new year. Results of these tests will be published for all to see another big concern. Once a market is established for this treatment there is a lot of repeat business.

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